Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Arizona Sonoran Copper Company Inc. (TSE:ASCU), it sends a favourable message to the company's shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Arizona Sonoran Copper

The Last 12 Months Of Insider Transactions At Arizona Sonoran Copper

The Independent Director Alan Edwards made the biggest insider purchase in the last 12 months. That single transaction was for CA$98k worth of shares at a price of CA$1.41 each. That means that an insider was happy to buy shares at around the current price of CA$1.48. Of course they may have changed their mind. But this suggests they are optimistic. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Arizona Sonoran Copper share holders is that insiders were buying at near the current price.

Arizona Sonoran Copper insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insiders At Arizona Sonoran Copper Have Bought Stock Recently

Over the last three months, we've seen a bit of insider buying at Arizona Sonoran Copper. Insiders bought CA$38k worth of shares in that time. It's great to see that insiders are only buying, not selling. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.

Does Arizona Sonoran Copper Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Based on our data, Arizona Sonoran Copper insiders have about 1.3% of the stock, worth approximately CA$2.5m. I generally like to see higher levels of ownership.